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20121126
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-had and what we'll do is what the tax lawyers call an agency letter which simply means you write a letter that tells the c-4 exactly what to do with the money. and if you do that, the irs doesn't consider it to have been the c-4's money. and it doesn't end up on the tax return. >> stephen: it goes from my super pac into a 501 c 4 reasons right, now since everyone knows the name of your c-4. what we thought it would be bet per if we created a whole new anonymous c-4 so that the first one transfers the money to the second one, and the second one which you will also run then disperses it. that way we're sure nobody can trace it. >> stephen: so i write a check from my super pac to my 501 c 4 to my second secret 501 c 4 and because i sent a letter along the way saying here is what i want you two guys do it neither i nor me nor me is responsible for what happens with the money. >> that's right. >> stephen: i love america. (laughter) (cheers and applause) so let me see if i can make clear what's happening. i have got a 501 c 4 called sol better super pac shh. i take the money from the super pac,
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